Investing in energy conservation measures has the potential to cut
fuel import bills, boost the economy and create numerous jobs, and is also essential to address climate change.
The IEA also notes drastic improvements in air pollution, cuts in fossil
fuel import bills and lower household energy expenditures would complement the decarbonisation achieved, if well designed policies are used.
Not exact matches
The drilling technique has generated tens of billions of dollars and reduced energy
bills and
fuel imports.
An auctioned cap or a tax with 100 % return of the proceeds to the people is the most practical policy for several reasons: (a) it would begin real carbon reductions quickly; (b) it would be an honest and transparent way of treating the American people; (c) it would attract the broadest attainable political coalition across party lines; (d) it would be administratively simple for both the government and the private sector (with the tax or auctioned permits collected at the first point of sale or
import of the carbon - containing
fuel); (e) it would be a non-regressive way of introducing the carbon price into the economy; and (f) it would avoid a fiasco such as the special interest feeding frenzy that surrounded the recently failed Boxer - Lieberman - Warner
bill in Congress.
Both also note other co-benefits, such as lower fossil
fuel bills for
importing countries and lower household energy expenditures.
The industrial uses of solar air heating, which is gaining increasing acceptance, help in paring emissions and use of fossil
fuels, and could also lead to a lower oil
import bill for India